Dips007Trading

Dips007Trading

Dear Traders, We are in consolidation IT IS NOT TRENDING. THIS we see in price action NO INDICATORS are needed to see this. Therefore how do you trade? You have many options open to you depending on how you trade this is highly subjective. No approach is wrong profit is profit. What do I think? Well I expect both sides to be taken hard leading into November. Why?...

Dips007Trading

It's been a long time with out you my friends..(tune!) I been on vacay and busy on return. 1.Trend change occurring / sideways / wide ranging 2.DON'T assume you know which way she breaks + trends 3.GOLD and OIL rise is the biggest clue of CHANGE in the short term sentiment 4.Recognise we are STILL in a Bull Market and given how much she rose there is NOTHING...

Dips007Trading Updated 

Dear Followers, DO NOT Get BEARISH please. 1. We broke the major trend line (white upward sloping trend 2. it initially bounced up trapping bulls into thinking all is good right? 3.WRONG they brought it back down beyond that trend line to trap bears into thinking its end of the world... trend line not holding 4. The whole thing was a trap even if you knew TA you...

Dips007Trading Updated 

Hello Traders, Just an update to my last analysis to help seeing us through the week. 1.You can see my pink trend line has now broken = this means uptrend is OVER (for now and remains incomplete - although it has not completed, as expected we always trade what we see 2.We see the pink uptrend line broken so we bearish SHORT TERM 3.Where it goes?? Well I have...

Dips007Trading

Dearest Followers, 1.Last week we had an amazing push UP which was expected once the 127 Fib extension level breach Fri 9/2/24 London Session. It does not matter what your TA is, Patterns off the inverse head and shoulders with Fibs are the most powerful method to identify direction. 2.Friday closed just shy of the 161 extension - marked on chart, 18000 is a...

Dips007Trading

Dear Honourable Traders, Trading is ALWAYS about managing our risk FIRST. Ask yourself at your entry what are the probabilities of the Market going to retest structure.. can my account hold it if I am to trust my own analysis and reasoning? Current BIAS is DOWN (Short term) Next week 1.RIGHT NOW (as of Fri Close) we at ATH very close to previous one can call it...

Dips007Trading

Dear Lovely Followers, As promised in my comments in our 'developing' Short Idea. It's all endorsed on Chart including TIME. Any questions please ask in comment. The levels are constructed doing 'top down' price action analysis using M,W and D TF's, using trends and channels and structure. Simple. I don't use indicators to make decisions - just evidence. My...

Dips007Trading

Hello Traders, Further to my previous chart.. an update for your all. Although we are WAITING for this right shoulder confirmation, PLEASE NOTE that is EXACTLY what we are WAITING for. I'm not in a trade. I'm WAITING for analysis to be shown to be correct. This chart now shows you another potential move to upside BEFORE the bearish bias applies. 'Market can do...

Dips007Trading

Dear Traders, Following on from previous chart, 1.today the head is fully formed for the head and shoulders pattern 2.we have broken the yellow support (good sign) 3.we wait for the retest area to form the right shoulder 4. Only IF the right shoulder is confirmed by multiple wicking candles either 4hr or 30min it is valid 5.you can enter at his area short at...

Dips007Trading Updated 

Hello my followers, Arguments: Bias reasoning 1. triple RSI divergence daily 2.Blow off top that quickly reverted in the Divergence zone 3.top of 4 HR trend 4.Top of RSI in overbought territory 5.Current price action coming up to 20 hours 4HR chart on current candle close showed little reaction to upside 6.head and shoulders pattern 4HR forming? 8. a trending...

Dips007Trading

Hello Traders, Have you seen how poor of a reaction we have had at a supposed mult-week support we got the bounce (correction) this morning and boy it was poor just 50% of whole leg down which is a typical correction with no bullish follow through? Really? Do you know how to read price action and recognise structure? DO you know how to wait for the market to...

Dips007Trading

Dear Traders, Following on from previous chart. TODAY we had the break out to the upside OUT of the box. Now its time for that retrace, based your trades according to that. I'm looking to see if it will be supported at the green box IF it does then POW! DXY will climb even higher!! Best wishes

Dips007Trading

Dear Traders, If you have been following my analysis taking that into account and following on from that... Wait for what market wants to do after the break up or down OUT of the consolidation BOX. Watch at the retest to assess whether a faker or not AND then make you entry to grab a MASSIVE Trend Trade - (Swing Entry). I will post at that moment now. This...

Dips007Trading

Hello lovely people! 1.DXY has been for a long time in consolidation - yes the ranges are wide but hardly helpful on a TREND for any currency pair you are trading... you will just get trapped, personally I would not enter anything until this consolidation ends 2. I have marked Daily candle close (must see it closed and DONE) noting it has tricked everybody and...

Dips007Trading

Dear lovely followers, 1. please see todays structure of the market its a snap shot without showing you higher timeframes to bore you with why 2.your job is not to predict but understand structure 3.wait to see if you are right about structure (that why I have my arrows everywhere as a note to self) 4.to REACT to that structure by entry and participating (you...

Dips007Trading

Dear Traders, We are at the trend line. Do we break up or does it hold to go down? Nobody knows and I don't know even though an idea is posted!! Tell you what why don't you let price tell you? WAIT for it to tell you the answer with atleast 2-3 confluences and THEN enter? This way you are not GAMBLING and going with the market. RIGHT now is anybody's guess...

Dips007Trading

Dear Followers, 1. Please refer to my DXY most recent analysis in which things are turning bullish, this is CONFLUENCE for Gold to Drop 2. I show my entry already with Target/s, I am in the trade 3.Yellow horizontal is a Highly KEY price as it was hit TWICE 2 x ATH in 2023 on WEEKLY Chart 4.65 min Gold showing bearishness in Confluence with DXY breaking out UP...

Dips007Trading

Hello to my loyal followers. An update to DXY for you. Hopefully very timely!! Our Job guys it to LOOK at what PRICE is telling us. Not to guess or gamble an idea. Although my previous post showed a POTENTAIL for the double bottom, nothing says it has to do it. You have to REACT to what price is showing you. RIGHT NOW and yesterday its changed to BULLISH. How...